LHYAX | High Yield Fund Class A | Lord Abbett
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High Yield Fund

Daily price w/o sales charge as of 01/26/2021

$7.48

$0.00

YTD Returns w/o sales charge as of 01/26/2021

1.14%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.
 

A HERITAGE OF HIGH YIELD

Brings a 40+ year history of high-yield investing, focused on fundamental, bottom-up credit research.

AN OPPORTUNISTIC APPROACH

Provides the flexibility to adjust to the market environment and take advantage of opportunities across the credit spectrum.

STRONG TRACK RECORD

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core high-yield holding over a full market cycle.

Yield

Dividend Yield 1 as of 01/26/2021  

w/o sales charge 4.72%
w/ sales charge 4.61%

30-Day Standardized Yield 2 as of 12/31/2020  

3.31%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Expense Ratioas of 12/31/2020

Fund Basicsas of 12/31/2020

Total Net Assets
$8.42 B
Inception Date
12/31/1998
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
718
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 4.49% 4.49% 4.48% 7.46% 6.69% 6.73%
Lipper Category Avg. High Yield Funds 5.45% 5.45% 5.10% 7.12% 5.63% -
ICE BofA U.S. High Yield Constrained Index 6.07% 6.07% 5.85% 8.42% 6.61% 6.81%
w/ sales charge 2.17% 2.17% 3.67% 6.97% 6.44% 6.62%

Fund Expense Ratio :

0.91%

Fund Expense Ratio :

0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 4.49% 4.49% 4.48% 7.46% 6.69% 6.73%
Lipper Category Avg. High Yield Funds 5.45% 5.45% 5.10% 7.12% 5.63% -
ICE BofA U.S. High Yield Constrained Index 6.07% 6.07% 5.85% 8.42% 6.61% 6.81%
w/ sales charge 2.17% 2.17% 3.67% 6.97% 6.44% 6.62%

Fund Expense Ratio :

0.91%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

RELATED CONTENT

Uncovering Opportunity in a Rebounding U.S. High Yield Market
June 11, 2020

With the broad financial market recovery since late March, U.S. high yield is no longer as dislocated, but the rationale for a strategic allocation to the asset class remains intact in our view.

“Fallen Angels” Gain a Rising Profile in High Yield
June 1, 2020

Bonds downgraded from investment grade to speculative grade historically have outperformed other areas of high yield—but we believe a selective approach to these securities is crucial.

Weighing the Broader Impact of Crude Oil Price Volatility
April 24, 2020

Here, we assess the potential implications for key asset classes of the dramatic plunge in the price of May 2020 West Texas Intermediate crude oil.

Type Assets
High Yield Bonds
Equity
Bank Loans
Convertibles
Investment Grade Bonds
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Maturity Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 12/31/2020 View Portfolio

Rating Assets
A
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director & Portfolio Manager

12 Years of Industry Experience

Supported By 64 Investment Professionals with 17 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 01/26/2021  

w/o sales charge 4.72%
w/ sales charge 4.61%

30-Day Standardized Yield 2 as of 12/31/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.31% 3.31%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 4.49% 4.49% 4.48% 7.46% 6.69% 6.73%
Lipper Category Avg. High Yield Funds 5.45% 5.45% 5.10% 7.12% 5.63% -
ICE BofA U.S. High Yield Constrained Index 6.07% 6.07% 5.85% 8.42% 6.61% 6.81%
w/ sales charge 2.17% 2.17% 3.67% 6.97% 6.44% 6.62%

Fund Expense Ratio :

0.91%

Fund Expense Ratio :

0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 4.49% 4.49% 4.48% 7.46% 6.69% 6.73%
Lipper Category Avg. High Yield Funds 5.45% 5.45% 5.10% 7.12% 5.63% -
ICE BofA U.S. High Yield Constrained Index 6.07% 6.07% 5.85% 8.42% 6.61% 6.81%
w/ sales charge 2.17% 2.17% 3.67% 6.97% 6.44% 6.62%

Fund Expense Ratio :

0.91%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Year Fund Returns ICE BofA U.S. High Yield Constrained Index
2020 4.49% 6.07%
2019 15.07% 14.41%
2018 -5.15% -2.27%
2017 8.50% 7.48%
2016 15.84% 17.49%
2015 -2.26% -4.61%
2014 3.46% 2.51%
2013 9.69% 7.41%
2012 16.50% 15.55%
2011 3.15% 4.37%
2010 14.31% -
2009 50.51% -
2008 -23.42% -
2007 2.43% -
2006 9.94% -
2005 1.15% -
2004 10.42% -
2003 21.59% -
2002 -0.10% -
2001 5.36% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - 1.14%
2020 -16.65% 10.72% 5.69% 7.13% 4.49%
2019 7.50% 3.77% 0.28% 2.86% 15.07%
2018 -1.07% -0.04% 2.54% -6.47% -5.15%
2017 2.82% 1.98% 2.45% 1.00% 8.50%
2016 2.01% 5.52% 5.46% 2.05% 15.84%
2015 3.05% 0.86% -4.23% -1.81% -2.26%
2014 2.92% 3.38% -1.83% -0.95% 3.46%
2013 3.97% -1.03% 2.51% 3.99% 9.69%
2012 6.63% 0.36% 5.06% 3.61% 16.50%
2011 3.82% 1.07% -7.02% 5.73% 3.15%
2010 4.93% -0.92% 6.33% 3.40% 14.31%
2009 5.95% 17.32% 14.23% 6.01% 50.51%
2008 -3.43% 1.99% -7.81% -15.68% -23.42%
2007 2.98% 0.17% 0.48% -1.17% 2.43%
2006 2.57% 0.01% 2.80% 4.27% 9.94%
2005 -1.74% 1.49% 0.87% 0.56% 1.15%
2004 1.07% -0.32% 4.34% 5.04% 10.42%
2003 4.06% 8.25% 2.40% 5.41% 21.59%
2002 1.51% -3.59% -3.78% 6.10% -0.10%
2001 5.14% -1.67% -3.99% 6.15% 5.36%
2000 -1.66% 0.99% 0.31% -2.65% -3.01%
1999 3.43% -0.11% -0.81% 3.99% 6.57%
1998 - - - - 0.80%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 12/31/2020

The chart begins on the Fund's inception date of 12/31/1998.

Based on a hypothetical Class A share investment of $10,000 on 12/31/1998 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Bonds
Equity
Bank Loans
Convertibles
Investment Grade Bonds
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 12/31/2020

Rating Assets
A
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 09/30/2020

  • The Fund is overweight the basic industry sector, and more specifically the building and construction and building materials industries, as we have added to the portfolio’s exposure in homebuilders and repair and remodeling companies. COVID-19 lockdowns coupled with dramatically decreased travel demand allowed consumers to transfer their spending from vacations to home upgrades. Additionally, historically low new mortgage and refinancing rates have served as stimulus to jump start renovations and move new home buyers off the sidelines.
  • We continue to have a broadly constructive view on credit, and are positioning the Fund based on relative value, underlying fundamentals, and our top-down view. We are investing in the essential and nonessential industries that are benefiting from a continued reopening of the economy. The magnitude and scale of this global pandemic is causing some secular shifts even with the ultimate arrival of therapeutics and a vaccine. The Fund’s positioning currently reflects this view as we are investing in companies and industries that we believe are better poised to adapt to and benefit from these structural economic changes. We are still waiting for better data on the health, economic and consumer behavioral fronts before we get more constructive in unsecured risk of directly affected sectors such as airlines and crowd-oriented leisure. However, we have begun to selectively add higher quality paper in these industries primarily, but not exclusively, to secured bonds where we believe our commitments are well collateralized.

Portfolio Details as of 12/31/2020

Total Net Assets
$8.42 B
Number of Issues
718
Average Coupon
5.87%
Average Maturity
7.03 Years
Average Effective Duration
4.25 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
Sprint Capital Corp. 6.875% 11/15/2028 1.5%
Ford Motor Co 9.000% 04/22/2025 1.3%
DISH DBS Corp. 7.750% 07/01/2026 0.9%
CCO Holdings LLC / CCO Holdings Capital Corp. 4.750% 03/01/2030 0.8%
TransDigm, Inc. 5.500% 11/15/2027 0.6%
CCO Holdings LLC / CCO Holdings Capital Corp. 5.125% 05/01/2027 0.6%
Kraft Heinz Foods Co. 4.875% 10/01/2049 0.6%
Kraft Heinz Foods Co. 4.375% 06/01/2046 0.6%
Netflix, Inc. 4.625% 05/15/2029 0.6%
FMG Finance Pty Ltd. 4.500% 09/15/2027 0.5%
% of Total Assets 8.0%
Holding Coupon Maturity Assets
Sprint Capital Corp.6.875% 11/15/20281.5%
Ford Motor Co9.000% 04/22/20251.3%
DISH DBS Corp.7.750% 07/01/20261.2%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.8%
TransDigm, Inc.5.500% 11/15/20270.6%
CCO Holdings LLC / CCO Holdings Capital Corp.5.125% 05/01/20270.6%
Tenet Healthcare Corp.6.250% 02/01/20270.6%
Kraft Heinz Foods Co.4.375% 06/01/20460.6%
Kraft Heinz Foods Co.4.875% 10/01/20490.6%
Netflix, Inc.4.625% 05/15/20290.6%
FMG Finance Pty Ltd.4.500% 09/15/20270.5%
HCA, Inc.5.875% 02/01/20290.5%
Western Gas Partners L.P.5.050% 02/01/20300.5%
United Rentals, Inc.4.875% 01/15/20280.5%
CF Industries, Inc.5.150% 03/15/20340.4%
Virgin Media Secured Finance plc5.500% 05/15/20290.4%
NRG Energy, Inc.5.750% 01/15/20280.4%
Netflix, Inc.3.625% 05/15/20270.4%
MEG Energy Corp.7.125% 02/01/20270.4%
MEG Energy Corp.7.000% 03/31/20240.4%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.4%
GrubHub Holdings Inc5.500% 07/01/20270.4%
Centene Corp.4.625% 12/15/20290.4%
Kraft Heinz Foods Co.5.000% 06/04/20420.4%
CSC Holdings LLC5.500% 04/15/20270.4%
Netflix, Inc.4.875% 06/15/20300.4%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &6.000% 08/01/20260.4%
CIT Group, Inc.6.125% 03/09/20280.4%
Freeport-McMoRan, Inc.4.250% 03/01/20300.4%
Select Medical Corp.6.250% 08/15/20260.4%
Springleaf Finance Corp.6.125% 03/15/20240.4%
Freeport-McMoRan, Inc.4.125% 03/01/20280.4%
Netflix, Inc.4.875% 04/15/20280.4%
AMC Networks, Inc.4.750% 08/01/20250.3%
EQT Corp.7.875% 02/01/20250.3%
Navient Corp.6.750% 06/25/20250.3%
Hecla Mining Co.7.250% 02/15/20280.3%
Newell Rubbermaid, Inc.5.875% 04/01/20360.3%
Horizon Therapeutics USA Inc5.500% 08/01/20270.3%
Intesa Sanpaolo SpA5.710% 01/15/20260.3%
L Brands, Inc.6.625% 10/01/20300.3%
Numericable Group S.A.8.125% 02/01/20270.3%
Matador Resources Co.5.875% 09/15/20260.3%
Navient Corp.6.125% 03/25/20240.3%
Apache Corp.4.375% 10/15/20280.3%
Eldorado Resorts, Inc.8.125% 07/01/20270.3%
American Airlines, Inc.11.750% 07/15/20250.3%
Penn National Gaming, Inc.5.625% 01/15/20270.3%
FAGE International SA/ FAGE USA Dairy Industry Inc5.625% 08/15/20260.3%
Freeport-McMoRan, Inc.5.250% 09/01/20290.3%
Centene Corp.3.375% 02/15/20300.3%
Carnival Corp.11.500% 04/01/20230.3%
LGI Homes, Inc.6.875% 07/15/20260.3%
Apache Corp.4.750% 04/15/20430.3%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.3%
Qorvo, Inc.4.375% 10/15/20290.3%
Mclaren Finance PLC5.000% 08/01/20220.3%
ESH Hospitality, Inc.4.625% 10/01/20270.3%
Ford Motor Co4.750% 01/15/20430.3%
Continental Resources, Inc.5.750% 01/15/20310.3%
Synovus Financial Corp.5.900% 02/07/20290.3%
Ziggo BV5.500% 01/15/20270.3%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.3%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.3%
TerraForm Power Operating LLC4.750% 01/15/20300.3%
DaVita, Inc.3.750% 02/15/20310.3%
Wynn Macau Ltd.5.125% 12/15/20290.3%
Tenet Healthcare Corp.6.125% 10/01/20280.3%
HCA, Inc.5.500% 06/15/20470.3%
Toll Brothers Finance Corp.4.350% 02/15/20280.3%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.3%
Signature Aviation US Holdings Inc4.000% 03/01/20280.3%
Mileage Plus Holdings LLC / Mileage Plus Intellect6.500% 06/20/20270.3%
Hilton Domestic Operating Co, Inc.5.125% 05/01/20260.3%
NextEra Energy Operating Partners LP4.500% 09/15/20270.3%
Ball Corp.2.875% 08/15/20300.3%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.3%
Western Digital Corp.4.750% 02/15/20260.2%
Radiology Partners Inc9.250% 02/01/20280.2%
Pattern Energy Operations LP / Pattern Energy Oper4.500% 08/15/20280.2%
PGT Innovations Inc6.750% 08/01/20260.2%
LogMeIn, Inc.5.500% 09/01/20270.2%
Viper Energy Partners LP5.375% 11/01/20270.2%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.2%
Hadrian Merger Sub Inc8.500% 05/01/20260.2%
Churchill Downs, Inc.4.750% 01/15/20280.2%
Boyd Gaming Corp.4.750% 12/01/20270.2%
Murphy Oil USA, Inc.4.750% 09/15/20290.2%
Match Group Holdings II LLC4.125% 08/01/20300.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.2%
Fair Isaac Corp.4.000% 06/15/20280.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
Sealed Air Corp.6.875% 07/15/20330.2%
Kraft Heinz Foods Co.4.625% 01/30/20290.2%
TransDigm, Inc.6.250% 03/15/20260.2%
HealthSouth Corp.4.500% 02/01/20280.2%
Chesapeake Energy Corp.6.500% 10/01/20250.2%
Ulker Biskuvi Sanayi AS6.950% 10/30/20250.2%
Sensata Technologies BV5.625% 11/01/20240.2%
Gray Television, Inc.7.000% 05/15/20270.2%
Block Communications, Inc.4.875% 03/01/20280.2%
Con-way, Inc.6.700% 05/01/20340.2%
MGM Resorts International4.625% 09/01/20260.2%
Vmed O2 UK Financing I PLC4.250% 01/31/20310.2%
Yum! Brands, Inc.5.350% 11/01/20430.2%
CSC Holdings LLC5.750% 01/15/20300.2%
Prime Security Services Borrower LLC / Prime Finan3.375% 08/31/20270.2%
Drive Chassis Holdco LLC8.474% 04/10/20260.2%
Garda World Security Corp4.625% 02/15/20270.2%
New Fortress Energy Inc6.750% 09/15/20250.2%
Forterra Finance LLC / FRTA Finance Corp6.500% 07/15/20250.2%
Kraft Heinz Foods Co.3.750% 04/01/20300.2%
Cenovus Energy, Inc.5.375% 07/15/20250.2%
Northriver Midstream Finance LP5.625% 02/15/20260.2%
Seven Generations Energy Ltd.5.375% 09/30/20250.2%
Illuminate Buyer LLC / Illuminate Holdings IV Inc9.000% 07/01/20280.2%
Cenovus Energy, Inc.5.400% 06/15/20470.2%
Park Intermediate Holdings LLC / PK Domestic Prope5.875% 10/01/20280.2%
Wyndham Worldwide Corp.6.625% 07/31/20260.2%
Ccs-Cmgc Holdings Inc5.718% 10/01/20250.2%
Diamond BC BV5.625% 08/15/20250.2%
Ford Motor Co7.450% 07/16/20310.2%
Coeur Mining, Inc.5.875% 06/01/20240.2%
Molina Healthcare, Inc.3.875% 11/15/20300.2%
Indigo Natural Resources LLC6.875% 02/15/20260.2%
Uber Technologies Inc8.000% 11/01/20260.2%
Shift4 Payments LLC / Shift4 Payments Finance Sub4.625% 11/01/20260.2%
MEDNAX, Inc.6.250% 01/15/20270.2%
Diamondback Energy, Inc.3.500% 12/01/20290.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
Nouryon Holding BV8.000% 10/01/20260.2%
BY Crown Parent LLC / BY Bond Finance Inc4.250% 01/31/20260.2%
Quicken Loans LLC5.250% 01/15/20280.2%
Bally's Corp6.750% 06/01/20270.2%
Switch Ltd3.750% 09/15/20280.2%
Wynn Macau Ltd.5.500% 10/01/20270.2%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.2%
Minerva Luxembourg SA5.875% 01/19/20280.2%
DPL, Inc.4.125% 07/01/20250.2%
Warrior Met Coal Inc8.000% 11/01/20240.2%
New Gold, Inc.7.500% 07/15/20270.2%
LifePoint Hospitals, Inc.4.375% 02/15/20270.2%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.2%
Buena Vista Gaming Authority13.000% 04/01/20230.2%
Southwestern Energy Co.8.375% 09/15/20280.2%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.5.875% 05/15/20250.2%
Banff Merger Sub Inc9.750% 09/01/20260.2%
Tenneco, Inc.5.000% 07/15/20260.2%
Netflix, Inc.3.625% 06/15/20300.2%
Springleaf Finance Corp.5.375% 11/15/20290.2%
Stevens Holding Co Inc6.125% 10/01/20260.2%
Adient US LLC7.000% 05/15/20260.2%
Mong Duong Finance Holdings BV5.125% 05/07/20290.2%
Apache Corp.5.100% 09/01/20400.2%
Core & Main Holdings LP8.625% 09/15/20240.2%
Enterprise Development Authority/The12.000% 07/15/20240.2%
Sirius XM Radio, Inc.5.000% 08/01/20270.2%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.2%
Oceaneering International, Inc.4.650% 11/15/20240.2%
HCA, Inc.8.360% 04/15/20240.2%
Carnival Corp.9.875% 08/01/20270.2%
Century Communities, Inc.6.750% 06/01/20270.2%
Intrum Justitia AB4.875% 08/15/20250.2%
Buckeye Partners L.P.3.950% 12/01/20260.2%
CrownRock L.P./CrownRock Finance, Inc.5.625% 10/15/20250.2%
Pike Corp5.500% 09/01/20280.2%
American Axle & Manufacturing, Inc.6.875% 07/01/20280.2%
Intertape Polymer Group Inc7.000% 10/15/20260.2%
Bacardi Ltd.5.300% 05/15/20480.2%
Fresh Market, Inc.9.750% 05/01/20230.2%
Oceaneering International, Inc.6.000% 02/01/20280.2%
Endeavor Energy Resources L.P.5.750% 01/30/20280.2%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.2%
Tesla Motors, Inc.5.300% 08/15/20250.2%
Nationstar Mortgage Holdings, Inc.5.500% 08/15/20280.2%
Roku Inc0.000% -0.2%
Laredo Petroleum Holdings, Inc.10.125% 01/15/20280.2%
Tenet Healthcare Corp.6.750% 06/15/20230.2%
Scientific Games International, Inc.7.250% 11/15/20290.2%
Avis Budget Car Rental LLC / Avis Budget Finance,6.375% 04/01/20240.2%
Akumin Inc7.000% 11/01/20250.2%
Cliffs Natural Resources, Inc.5.875% 06/01/20270.2%
Wynn Las Vegas LLC5.250% 05/15/20270.2%
Rede D'or Finance Sarl4.950% 01/17/20280.2%
Sally Holdings LLC / Sally Capital, Inc.8.750% 04/30/20250.2%
Ingevity Corp.4.500% 02/01/20260.2%
Forestar Group, Inc.5.000% 03/01/20280.2%
Veritas US Inc / Veritas Bermuda Ltd10.500% 02/01/20240.2%
Omnova Solutions, Inc.4.750% 10/20/20280.2%
Topgolf International, Inc.7.403% 02/09/20260.2%
PDC Energy, Inc.5.750% 05/15/20260.2%
NCL Corp. Ltd.12.250% 05/15/20240.2%
Ashland, Inc.6.875% 05/15/20430.2%
Midas Intermediate Holdco II LLC / Midas Intermedi7.875% 10/01/20220.2%
Springleaf Finance Corp.8.875% 06/01/20250.2%
Popular, Inc.6.125% 09/14/20230.2%
Apache Corp.4.625% 11/15/20250.2%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.2%
Antero Midstream Partners L.P. / Antero Midstream7.875% 05/15/20260.2%
Murphy Oil Corp.5.875% 12/01/20270.2%
Rite Aid Corp.7.500% 07/01/20250.2%
Vertical US Newco Inc5.250% 07/15/20270.2%
ChampionX Corp6.375% 05/01/20260.2%
Compass Minerals International, Inc.6.750% 12/01/20270.2%
Catalent Pharma Solutions Inc5.000% 07/15/20270.2%
HAT Holdings I LLC / HAT Holdings II LLC3.750% 09/15/20300.2%
MCE Finance Ltd.5.750% 07/21/20280.2%
Northwest Fiber LLC / Northwest Fiber Finance Sub10.750% 06/01/20280.2%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.2%
Dometic Group AB3.000% 05/08/20260.2%
H&E Equipment Services, Inc.3.875% 12/15/20280.2%
Sabre GLBL, Inc.7.375% 09/01/20250.2%
Murphy Oil Corp.6.875% 08/15/20240.2%
Landry's Restaurants Inc.4.660% 10/04/20230.2%
Belo Corp.7.250% 09/15/20270.2%
Match Group Holdings II LLC5.000% 12/15/20270.2%
TransJamaican Highway Ltd5.750% 10/10/20360.2%
William Carter Co.5.500% 05/15/20250.2%
William Carter Co.5.625% 03/15/20270.2%
Apex Tool Group LLC / BC Mountain Finance Inc9.000% 02/15/20230.2%
NEP/NCP Holdco Inc3.396% 10/05/20250.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o4.750% 06/01/20270.2%
Owens Corning4.300% 07/15/20470.2%
Lithia Motors, Inc.4.625% 12/15/20270.2%
Rain CII Carbon LLC7.250% 04/01/20250.2%
RingCentral, Inc.0.000% 03/01/20250.2%
HCA, Inc.7.500% 12/15/20230.2%
EW Scripps Co.5.125% 05/15/20250.2%
IRB Holding Corp6.750% 02/15/20260.2%
Comstock Resources, Inc.7.500% 05/15/20250.2%
Griffon Corp.5.750% 03/01/20280.2%
Chemours Co.5.375% 05/15/20270.2%
Avaya, Inc.6.125% 09/15/20280.2%
Buckeye Partners L.P.6.375% 01/22/20780.2%
Schaeffler Verwaltung Zwei GmbH4.750% 09/15/20260.2%
EQT Corp.8.750% 02/01/20300.1%
Zayo Group Holdings, Inc.6.125% 03/01/20280.1%
IAMGOLD Corp.5.750% 10/15/20280.1%
First Quantum Minerals Ltd.6.875% 10/15/20270.1%
Clark Equipment Co5.875% 06/01/20250.1%
Patrick Industries, Inc.7.500% 10/15/20270.1%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.1%
Fairstone Financial Inc7.875% 07/15/20240.1%
AES Corp.5.125% 09/01/20270.1%
Arcor6.000% 07/06/20230.1%
Amsted Industries, Inc.4.625% 05/15/20300.1%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.1%
Rite Aid Corp.8.000% 11/15/20260.1%
US Renal Care Inc10.625% 07/15/20270.1%
CSL Capital, LLC8.250% 10/15/20230.1%
Sabre GLBL, Inc.9.250% 04/15/20250.1%
Watco Cos. LLC / Watco Finance Corp.6.500% 06/15/20270.1%
Array Technologies Inc5.000% 10/07/20270.1%
Go Daddy Operating Co LLC / GD Finance Co Inc5.250% 12/01/20270.1%
Lithia Motors, Inc.4.375% 01/15/20310.1%
Credit Suisse Group AG7.250% 03/12/21990.1%
Clarios Global LP / Clarios US Finance Co4.375% 05/15/20260.1%
Altice France Holding SA10.500% 05/15/20270.1%
Allied Universal Holdco LLC / Allied Universal Fin9.750% 07/15/20270.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 02/15/20280.1%
Texas Capital Bank NA/Dallas TX5.250% 01/31/20260.1%
Science Applications International Corp4.875% 04/01/20280.1%
Navient Corp.6.750% 06/15/20260.1%
Coach, Inc.4.125% 07/15/20270.1%
VM Holding SA5.375% 05/04/20270.1%
MasTec, Inc.4.500% 08/15/20280.1%
Cedar Fair LP5.250% 07/15/20290.1%
Netflix, Inc.3.875% 11/15/20290.1%
American Airlines Group, Inc.5.000% 06/01/20220.1%
AG Issuer LLC6.250% 03/01/20280.1%
Frontier Communications Corp.5.000% 05/01/20280.1%
ON Semiconductor Corp.3.875% 09/01/20280.1%
Ardonagh Midco 2 PLC11.500% 01/15/20270.1%
Pactiv Corp.7.950% 12/15/20250.1%
SRM Escrow Issuer LLC6.000% 11/01/20280.1%
Fair Isaac Corp.5.250% 05/15/20260.1%
Pathway Vet Alliance LLC4.146% 03/31/20270.1%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.1%
BNP Paribas S.A.4.500% 02/25/21700.1%
Pulte Group, Inc.6.375% 05/15/20330.1%
General Electric Co.5.000% 12/31/20990.1%
Southwestern Energy Co.6.450% 01/23/20250.1%
Vail Resorts, Inc.6.250% 05/15/20250.1%
PetVet Care Centers, LLC2.896% 02/14/20250.1%
Frontier Communications Corp.5.875% 10/15/20270.1%
Masonite International Corp.5.750% 09/15/20260.1%
Radiate Holdco LLC / Radiate Finance Inc6.500% 09/15/20280.1%
Portfolio Recovery Associates, Inc.7.375% 09/01/20250.1%
MSCI, Inc.3.875% 02/15/20310.1%
Beazer Homes USA, Inc.7.250% 10/15/20290.1%
Builders FirstSource, Inc.5.000% 03/01/20300.1%
YPF Energia Electrica SA10.000% 07/25/20260.1%
MGM Resorts International5.500% 04/15/20270.1%
Taylor Morrison Communities Inc6.625% 07/15/20270.1%
Pinnacle Bidco PLC6.375% 02/15/20250.1%
Tenet Healthcare Corp.4.875% 01/01/20260.1%
Chobani LLC / Chobani Finance Corp Inc4.625% 11/15/20280.1%
HudBay Minerals, Inc.6.125% 04/01/20290.1%
Specialty Building Products Holdings LLC / SBP Fin6.375% 09/30/20260.1%
Uber Technologies Inc6.250% 01/15/20280.1%
United Group BV3.625% 02/15/20280.1%
CDW Corp.4.125% 05/01/20250.1%
Freeport-McMoRan, Inc.4.625% 08/01/20300.1%
Omnova Solutions, Inc.4.500% 10/20/20250.1%
Calpine Corp.4.500% 02/15/20280.1%
MPH Acquisition Holdings LLC5.750% 11/01/20280.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
CDW Corp.5.500% 12/01/20240.1%
Claros Mortgage Trust Inc.4.452% 08/05/20260.1%
Oasis Petroleum, Inc.0.000% -0.1%
Centennial Resource Production LLC5.375% 01/15/20260.1%
Mattel, Inc.5.450% 11/01/20410.1%
KB Home4.800% 11/15/20290.1%
Compass Minerals International, Inc.4.875% 07/15/20240.1%
Trivium Packaging Finance BV5.500% 08/15/20260.1%
BEP Ulterra Holdings Inc.5.396% 11/26/20250.1%
BCP Raptor II LLC4.896% 10/22/20250.1%
Alcoa Nederland Holding BV5.500% 12/15/20270.1%
Gap, Inc.8.625% 05/15/20250.1%
PDC Energy, Inc.6.125% 09/15/20240.1%
Garrett LX I Sarl / Garrett Borrowing LLC5.125% 10/15/20260.1%
Macquarie Bank Ltd./London6.125% 03/08/21670.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Advanced Micro Devices, Inc.2.125% 09/01/20260.1%
AHP Health Partners Inc9.750% 07/15/20260.1%
Mercadolibre, Inc.2.000% 08/15/20280.1%
MPT Operating Partnership L.P.5.000% 10/15/20270.1%
PTC, Inc.4.000% 02/15/20280.1%
Sally Holdings LLC / Sally Capital, Inc.5.625% 12/01/20250.1%
Presidio Holdings Inc8.250% 02/01/20280.1%
Tesla Motors, Inc.2.000% 05/15/20240.1%
EnerSys4.375% 12/15/20270.1%
LHC3 PLC4.125% 08/15/20240.1%
Platform Specialty Products Corp.3.875% 09/01/20280.1%
Acadia Healthcare Co., Inc.5.000% 04/15/20290.1%
CSN Resources SA7.625% 04/17/20260.1%
Summit Materials LLC6.500% 03/15/20270.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
Park Hotels & Resorts Inc0.000% -0.1%
Intelligent Packaging Ltd Finco Inc / Intelligent6.000% 09/15/20280.1%
Penske Automotive Group, Inc.3.500% 09/01/20250.1%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.1%
Marriott Ownership Resorts Inc4.750% 01/15/20280.1%
Clearway Energy Operating LLC4.750% 03/15/20280.1%
EQM Midstream Partners LP6.500% 07/01/20270.1%
Enphase Energy, Inc.1.000% 06/01/20240.1%
Equinox Holdings Inc.4.979% 03/08/20240.1%
Trade Desk, Inc./The0.000% -0.1%
Motion Finco Sarl7.000% 05/15/20250.1%
Kuehg Corp4.750% 02/14/20250.1%
Murphy Oil USA, Inc.5.625% 05/01/20270.1%
Adient Global Holdings Ltd.4.875% 08/15/20260.1%
Viking Cruises Ltd.13.000% 05/15/20250.1%
British Airways 2020-1 Class A Pass Through Trust4.250% 11/15/20320.1%
Vertical Midco GmbH4.375% 07/15/20270.1%
Pinterest Inc0.000% -0.1%
First Cash Financial Services, Inc.4.625% 09/01/20280.1%
Rayonier AM Products, Inc.5.500% 06/01/20240.1%
Univar Solutions USA Inc/Washington5.125% 12/01/20270.1%
Installed Building Products, Inc.5.750% 02/01/20280.1%
QUALCOMM, Inc.0.000% -0.1%
Amsted Industries, Inc.5.625% 07/01/20270.1%
Bahamas Government International Bond8.950% 10/15/20320.1%
Wendy's International, Inc.7.000% 12/15/20250.1%
Snap Inc0.250% 05/01/20250.1%
United Airlines 2020-1 Class A Pass Through Trust5.875% 10/15/20270.1%
Inter Media and Communication SpA4.875% 12/31/20220.1%
Uber Technologies Inc7.500% 09/15/20270.1%
Park-Ohio Industries, Inc.6.625% 04/15/20270.1%
Advisor Group Holdings Inc10.750% 08/01/20270.1%
Sonic Automotive, Inc.6.125% 03/15/20270.1%
Howard Hughes Corp.5.375% 08/01/20280.1%
Carvana Co5.625% 10/01/20250.1%
10X Genomics Inc0.000% -0.1%
MHP Lux SA6.950% 04/03/20260.1%
Robertshaw US Holding Corp. (fka Fox US Bidco Corp5.273% 02/28/20250.1%
Charles River Laboratories International, Inc.4.250% 05/01/20280.1%
Mattel, Inc.5.875% 12/15/20270.1%
VistaJet Malta Finance PLC / XO Management Holding10.500% 06/01/20240.1%
USA Compression Partners LP / USA Compression Fina6.875% 09/01/20270.1%
CCM Merger, Inc.6.375% 05/01/20260.1%
Providence Service Corp.5.875% 11/15/20250.1%
Airxcel, Inc.4.646% 04/28/20250.1%
Caesars Resort Collection LLC / CRC Finco Inc5.250% 10/15/20250.1%
Boyne USA Inc7.250% 05/01/20250.1%
Match Group Financeco 2 Inc0.875% 06/15/20260.1%
Trident TPI Holdings Inc9.250% 08/01/20240.1%
AES Panama Generation Holdings SRL4.375% 05/31/20300.1%
TRI Pointe Homes LLC5.700% 06/15/20280.1%
Service Corp. International3.375% 08/15/20300.1%
Cardlytics Inc1.000% 09/15/20250.1%
Coty, Inc.6.500% 04/15/20260.1%
EPR Properties4.500% 04/01/20250.1%
Acceleron Pharma, Inc.0.000% -0.1%
Merlin Entertainments PLC5.750% 06/15/20260.1%
Maxeda DIY Holding BV5.875% 10/01/20260.1%
PTC, Inc.3.625% 02/15/20250.1%
Goosehead Insurance Inc0.000% -0.1%
Kaiser Aluminum Corp.4.625% 03/01/20280.1%
SunPower Corp.4.000% 01/15/20230.1%
Beacon Roofing Supply, Inc.4.875% 11/01/20250.1%
White Cap Buyer LLC6.875% 10/15/20280.1%
L Brands, Inc.6.875% 11/01/20350.1%
Emergent Biosolutions, Inc.3.875% 08/15/20280.1%
Star Energy Geothermal Darajat II / Star Energy Ge4.850% 10/14/20380.1%
Chemours Co.5.750% 11/15/20280.1%
Brazos Delaware II, LLC4.146% 05/21/20250.1%
Mirati Therapeutics, Inc.0.000% -0.1%
NSG Holdings LLC / NSG Holdings, Inc.7.750% 12/15/20250.1%
CD&R Smokey Buyer Inc6.750% 07/15/20250.1%
Buckeye Partners L.P.4.125% 12/01/20270.1%
Royal Caribbean Cruises Ltd.9.125% 06/15/20230.1%
Cognex Corp.0.000% -0.1%
Ford Motor Co9.625% 04/22/20300.1%
Garda World Security Corp9.500% 11/01/20270.1%
Ball Corp.4.875% 03/15/20260.1%
Sotheby's7.375% 10/15/20270.1%
Castle US Holding Corp9.500% 02/15/20280.1%
Range Resources Corp.5.000% 03/15/20230.1%
Weekley Homes LLC / Weekley Finance Corp.4.875% 09/15/20280.1%
Tanger Properties L.P.3.875% 07/15/20270.1%
Presidio Holdings Inc4.875% 02/01/20270.1%
Scientific Games International, Inc.8.625% 07/01/20250.1%
Travelport LLC5.625% 10/15/20280.1%
EQT Corp.5.000% 01/15/20290.1%
Taylor Morrison Communities Inc5.125% 08/01/20300.1%
Dana Holding Corp.5.625% 06/15/20280.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
Chefs' Warehouse, Inc.1.875% 12/01/20240.1%
Wynn Resorts Ltd.0.000% -0.1%
Cable One, Inc.4.000% 11/15/20300.1%
B2W Digital Lux Sarl4.375% 12/20/20300.1%
Badger Meter, Inc.0.000% -0.1%
International Game Technology plc5.250% 01/15/20290.1%
Masonite International Corp.5.375% 02/01/20280.1%
Mattamy Group Corp.4.625% 03/01/20300.1%
Shake Shack, Inc.0.000% -0.1%
Live Nation Entertainment, Inc.4.750% 10/15/20270.1%
WP CityMD Bidco LLC5.500% 08/06/20260.1%
Coupa Software Inc0.375% 06/15/20260.1%
IHeart Communications, Inc.4.750% 01/15/20280.1%
Rattler Midstream LP5.625% 07/15/20250.1%
Shockwave Medical Inc0.000% -0.1%
eDreams ODIGEO SL5.500% 09/01/20230.1%
Winnebago Industries, Inc.6.250% 07/15/20280.1%
Melissa & Doug5.435% 06/19/20240.1%
Millicom International Cellular S.A.6.250% 03/25/20290.1%
NGPL Pipeco LLC4.875% 08/15/20270.1%
Diamond Sports Group LLC / Diamond Sports Finance6.625% 08/15/20270.1%
Canada Goose Holdings Inc0.000% -0.1%
Repligen Corp.0.375% 07/15/20240.1%
Windstream Escrow LLC / Windstream Escrow Finance7.750% 08/15/20280.1%
Group 1 Automotive, Inc.4.000% 08/15/20280.1%
Calpine Corp.4.625% 02/01/20290.1%
Ken Garff Automotive LLC4.875% 09/15/20280.1%
Kuehg Corp9.563% 08/15/20250.1%
Snap-on, Inc.0.000% -0.1%
Univision Communications, Inc.5.125% 02/15/20250.1%
Five9, Inc.0.500% 06/01/20250.1%
Garmin Ltd.0.000% -0.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
Range Resources Corp.4.875% 05/15/20250.1%
L Brands, Inc.6.875% 07/01/20250.1%
New Home Co, Inc./The7.250% 10/15/20250.1%
Boise Cascade Co.4.875% 07/01/20300.1%
JetBlue Airways Corp6.250% 06/12/20240.1%
Kornit Digital Ltd.0.000% -0.1%
Omnitracs, LLC8.149% 09/22/20280.1%
Calpine Corp.5.000% 02/01/20310.1%
FXI Holdings Inc7.875% 11/01/20240.1%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di7.250% 02/01/20280.1%
Gap, Inc.8.875% 05/15/20270.1%
IDEXX Laboratories, Inc.0.000% -0.1%
Caesars Resort Collection LLC / CRC Finco Inc5.750% 07/01/20250.1%
Zillow Group, Inc.0.750% 09/01/20240.1%
Cablevision Lightpath LLC3.875% 09/15/20270.1%
Generac Holdings, Inc.0.000% -0.1%
Meritor, Inc.4.500% 12/15/20280.1%
Consol Energy, Inc.6.000% 01/15/20290.1%
Pinduoduo Inc0.000% 10/01/20240.1%
Ferrari NV0.000% -0.1%
Uber Technologies Inc0.000% -0.1%
IIP Operating Partnership LP3.750% 02/21/20240.1%
Vertical Holdco GmbH7.625% 07/15/20280.1%
VTR Finance B.V.6.375% 07/15/20280.1%
Allison Transmission, Inc.3.750% 01/30/20310.1%
Ingevity Corp.3.875% 11/01/20280.1%
Freeport-McMoRan, Inc.0.000% -0.1%
Alliant Holdings Intermediate LLC6.750% 10/15/20270.1%
Boyd Corporation3.646% 09/06/20250.1%
Freshpet, Inc.0.000% -0.1%
Tronox Inc6.500% 04/15/20260.1%
LCPR Senior Secured Financing DAC6.750% 10/15/20270.1%
Radiate Holdco LLC / Radiate Finance Inc4.500% 09/15/20260.1%
Bright Horizons Family Solutions, Inc.0.000% -0.1%
Hillenbrand Inc.5.750% 06/15/20250.1%
Delta Topco, Inc.0.000% 10/07/20280.1%
Insulet Corp.0.375% 09/01/20260.1%
Hughes Satellite Systems Corp.5.250% 08/01/20260.1%
VF Ukraine PAT via VFU Funding PLC6.200% 02/11/20250.1%
CANPACK SA / Eastern PA Land Investment Holding LL3.125% 11/01/20250.1%
Kaiser Aluminum Corp.6.500% 05/01/20250.1%
Energy Acquisition LP (aka Electrical Components International)4.396% 06/26/20250.1%
Playtika Holding Corp7.000% 12/03/20240.1%
Spirit Airlines, Inc.4.750% 05/15/20250.1%
SVB Financial Group0.000% -0.1%
XPO Logistics, Inc.6.250% 05/01/20250.1%
Ashton Woods USA LLC / Ashton Woods Finance Co.6.750% 08/01/20250.1%
Huazhu Group Ltd0.375% 11/01/20220.1%
Minerals Technologies, Inc.5.000% 07/01/20280.1%
Nevro Corp.1.750% 06/01/20210.1%
SM Energy Co.6.750% 09/15/20260.1%
Rush Enterprises, Inc.0.000% -0.1%
Canada Goose Inc5.000% 09/30/20270.1%
Wabash National Corp.5.500% 10/01/20250.1%
Evoqua Water Technologies Corp0.000% -0.1%
Royal Caribbean Cruises Ltd.0.000% -0.1%
Hawaiian Holdings, Inc.0.000% -0.1%
Central Garden & Pet Co.4.125% 10/15/20300.1%
VeriSign, Inc.5.250% 04/01/20250.1%
eG Global Finance PLC8.500% 10/30/20250.1%
Banijay Entertainment SASU5.375% 03/01/20250.1%
JetBlue Airways Corp.0.000% -0.1%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.1%
Amkor Technology, Inc.6.625% 09/15/20270.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 04/01/20290.1%
Nordstrom, Inc.8.750% 05/15/20250.1%
Live Nation Entertainment, Inc.0.000% -0.1%
South State Corp.0.000% -0.1%
Marriott Ownership Resorts Inc / ILG LLC6.500% 09/15/20260.1%
PBF Finance Corp.9.250% 05/15/20250.1%
1011778 BC ULC / New Red Finance, Inc.4.375% 01/15/20280.1%
PennyMac Financial Services Inc5.375% 10/15/20250.1%
Altice France Holding SA6.000% 02/15/20280.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Asbury Automotive Group, Inc.4.500% 03/01/20280.1%
Lamar Media Corp.4.875% 01/15/20290.1%
Hillman Group, Inc.6.375% 07/15/20220.1%
Targa Resources Partners L.P.4.875% 02/01/20310.1%
TGP Holdings III LLC9.817% 09/20/20250.1%
Diamondback Energy, Inc.0.000% -0.1%
PolyOne Corp.5.750% 05/15/20250.1%
Algeco Scotsman Global Finance plc8.000% 02/15/20230.1%
Acadia Healthcare Co., Inc.5.500% 07/01/20280.1%
Scotts Miracle-Gro Co.4.500% 10/15/20290.1%
MGM Growth Properties Operating Partnership LP / M5.625% 05/01/20240.1%
Telefonica Celular del Paraguay SA5.875% 04/15/20270.1%
Sirius XM Radio, Inc.5.500% 07/01/20290.1%
Terraform Global Operating LLC6.125% 03/01/20260.1%
Freeport-McMoRan, Inc.4.375% 08/01/20280.1%
TerraForm Power Operating LLC5.000% 01/31/20280.1%
Tronox Inc6.500% 05/01/20250.1%
Wyndham Hotels & Resorts Inc5.375% 04/15/20260.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.875% 03/01/20310.1%
Stericycle, Inc.3.875% 01/15/20290.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
NRG Energy, Inc.5.250% 06/15/20290.1%
Ford Motor Credit Co. LLC4.000% 11/13/20300.1%
Canopy Growth Corp4.250% 07/15/20230.1%
Gibson Brands, Inc0.000% -0.1%
CANPACK SA / Eastern PA Land Investment Holding LL2.375% 11/01/20270.1%
IRB Holding Corp7.000% 06/15/20250.1%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.1%
Picasso Finance Sub Inc6.125% 06/15/20250.1%
Clearway Energy Operating LLC5.000% 09/15/20260.1%
Wyndham Worldwide Corp.6.000% 04/01/20270.1%
Toll Brothers Finance Corp.4.875% 03/15/20270.1%
Tenet Healthcare Corp.5.125% 05/01/20250.1%
Elwood Energy LLC8.159% 07/05/20260.1%
Kraft Heinz Foods Co.5.200% 07/15/20450.1%
Maxeda DIY Holding BV5.875% 10/01/20260.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.625% 03/01/20290.1%
Williams Scotsman International Inc4.625% 08/15/20280.1%
Avolon Holdings Funding Ltd5.500% 01/15/20260.1%
Boyd Gaming Corp.6.000% 08/15/20260.1%
Citgo Petroleum Corp.7.000% 06/15/20250.1%
Xplornet Comms Inc4.898% 05/29/20270.1%
Carnival Corp.7.625% 03/01/20260.1%
Cablevision Lightpath LLC5.625% 09/15/20280.1%
LTF Merger Sub, Inc.8.500% 06/15/20230.1%
Central Garden & Pet Co.5.125% 02/01/20280.1%
Promontoria Holding 264 BV6.750% 08/15/20230.1%
Netflix, Inc.3.875% 11/15/20290.1%
Revlon, Inc. Class A1.063% 06/30/20250.1%
Stonegate Pub Co Financing 2019 PLC8.250% 07/31/20250.1%
SM Energy Co.6.125% 11/15/20220.1%
Fastlane Parent Company, Inc.4.646% 12/19/20250.1%
Tianqi Finco Co Ltd3.750% 11/28/20220.1%
Citgo Holding, Inc.9.250% 08/01/20240.1%
HCA, Inc.7.690% 06/15/20250.1%
Carvana Co5.875% 10/01/20280.1%
TMS International Corp.7.250% 08/15/20250.1%
Sirius XM Radio, Inc.4.125% 07/01/20300.1%
IPD 3 BV5.500% 12/01/20250.1%
IPD 3 BV5.500% 12/01/20250.1%
Avolon Holdings Funding Ltd4.250% 04/15/20260.1%
Stonegate Pub Co Financing 2019 PLC8.000% 07/13/20250.0%
Frontera Generation Hold5.250% 05/02/20250.0%
Univision Communications Inc.3.750% 03/15/20240.0%
Centene Corp.3.000% 10/15/20300.0%
Frontier Communications Corp.6.750% 05/01/20290.0%
Univision Communications Inc.4.750% 03/15/20260.0%
Daseke Companies, Inc.6.783% 02/27/20240.0%
Hertz Corp.6.000% 01/15/20280.0%
Claire's Stores, Inc.7.034% 12/18/20260.0%
Alliance Data Systems, Inc.4.750% 12/15/20240.0%
Doncasters US Finance LLC (Doncasters US LLC)8.500% 03/31/20240.0%
Commercial Barge Line0.000% -0.0%
Hertz Corp.5.500% 10/15/20240.0%
PetSmart, Inc.7.125% 03/15/20230.0%
Golar LNG Partners L.P.6.470% 11/15/20220.0%
Avis Budget Car Rental LLC / Avis Budget Finance,5.250% 03/15/20250.0%
Targa Resources Partners L.P.5.000% 01/15/20280.0%
SM Energy Co.6.625% 01/15/20270.0%
Continental Resources, Inc.4.500% 04/15/20230.0%
Transportes Aereos Portugueses SA5.625% 12/02/20240.0%
Transportes Aereos Portugueses SA5.625% 12/02/20240.0%
Montreign Resort Casino2.896% 03/23/20210.0%
Commercial Barge Line0.000% -0.0%
PetVet Care Centers, LLC3.685% 02/14/20250.0%
UTEX Industries0.000% 05/22/20210.0%
Claire's Stores, Inc.0.000% -0.0%
Doncasters US Finance LLC (Doncasters US LLC)0.500% 03/31/20250.0%
UC Holdings0.000% -0.0%
J Crew Group Inc.11.000% 09/10/20270.0%
Hertz Corp.0.000% 10/15/20220.0%
Britax Childcare0.000% 01/09/20250.0%
Pathway Vet Alliance LLC4.062% 03/31/20270.0%
Nabors Industries Ltd.7.250% 01/15/20260.0%
J Crew Group Inc.0.000% -0.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Barge Line0.000% -0.0%
UTEX Industries10.500% 02/10/20210.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
TNT Crane and Rigging0.000% -0.0%
FGI Operating Company, LLC5.917% 05/15/20220.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
J Crew Group Inc.0.000% -0.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Revlon, Inc. Class A0.000% -0.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Afren plc11.500% 02/01/20220.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
American Energy-Permian Basin LLC12.000% 10/01/20240.0%
FX GBP/USD 12/200.000% 12/08/20200.0%
Afren plc10.250% 04/08/20220.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
FX GBP/USD 12/200.000% 12/08/20200.0%
TNT Crane and Rigging0.000% -0.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Precision Drilling Corp.7.125% 01/15/20260.0%
FX EUR/USD 12/200.000% 12/04/20200.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
Penson Technologies LLC0.000% -0.0%
Tonon Luxembourg S.A.6.500% 10/31/20240.0%
Remington Outdoor Co. Inc.0.000% -0.0%
FX GBP/USD 12/200.000% 12/08/20200.0%
Afren plc6.625% 12/09/20210.0%
FX EUR/USD 12/200.000% 12/04/20200.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Templar Energy LLC0.000% -0.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
General Motors Co.7.200% 01/15/20490.0%
Mirabela Nickel Ltd.1.000% 09/16/20440.0%
Dutch Lion BV11.250% 06/15/20230.0%
Britax Childcare0.000% -0.0%
EURO-BOBL FUT DEC200.000% 12/10/20200.0%
EURO-BUND FUTURE DEC200.000% 12/10/20200.0%
Remington Outdoor Co. Inc.0.000% -0.0%
FX USD/CAD 01/210.000% 01/20/20210.0%
FX USD/CAD 01/210.000% 01/20/20210.0%
Templar Energy LLC0.000% -0.0%
US 10YR NOTE (CBT)MAR210.000% 03/31/20210.0%
US 10YR ULTRA FUT MAR210.000% 03/31/20210.0%
US 5YR NOTE (CBT) MAR210.000% 04/05/20210.0%
US LONG BOND(CBT) MAR210.000% 03/31/20210.0%
US ULTRA BOND CBT MAR210.000% 03/31/20210.0%
Washington Mutual, Inc.6.875% 06/15/20110.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
US 2YR NOTE (CBT) MAR210.000% 04/05/20210.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
Credit Index Swap1.000% 12/20/20250.0%
FX USD/EUR 12/200.000% 12/04/20200.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Sector Allocationas of 12/31/2020

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Basic Industry arrowDown2.3%
Other -
Technology & Electronics arrowUp0.4%
Services arrowUp0.2%
Utility arrowDown0.6%
Healthcare arrowDown0.5%
Insurance arrowDown0.1%
Energy arrowUp0.8%
Capital Goods 0.0%
Real Estate arrowDown0.1%
Telecommunications 0.0%
Media arrowUp0.1%
Leisure arrowUp0.5%
Retail arrowUp0.5%
Automotive arrowDown0.3%
Transportation arrowUp1.0%
Banking arrowUp0.3%
Consumer Goods arrowDown1.2%
Financial Services arrowUp0.8%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 01/26/2021
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2020 $0.02940 $7.42
Daily Daily 11/30/2020 $0.02975 $7.30
Daily Daily 10/31/2020 $0.02802 $7.03
Daily Daily 09/30/2020 $0.03047 $7.01
Daily Daily 08/31/2020 $0.03065 $7.13
Daily Daily 07/31/2020 $0.03116 $7.03
Daily Daily 06/30/2020 $0.03233 $6.72
Daily Daily 05/31/2020 $0.03240 $6.69
Daily Daily 04/30/2020 $0.03332 $6.39
Daily Daily 03/31/2020 $0.03497 $6.16
Daily Daily 02/29/2020 $0.03311 $7.31
Daily Daily 01/31/2020 $0.03409 $7.46

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2021
Daily Daily 02/28/2021
Daily Daily 03/31/2021
Daily Daily 04/30/2021
Daily Daily 05/31/2021
Daily Daily 06/30/2021
Daily Daily 07/31/2021
Daily Daily 08/31/2021
Daily Daily 09/30/2021
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/18/2014 12/19/2014 $0.0899 $0.0792 $0.1691 $7.44
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 01/26/2021

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $7.65
$100,000 to $249,999 1.75% 1.50% $7.61
$250,000 to $499,999 1.25% 1.00% $7.57
$500,000 to $999,999 0.00% 1.00% $7.48
$1,000,000 to $5,000,000 0.00% 1.00% $7.48

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

Expense Ratioas of 12/31/2020

Fund Documents

Fund Documents

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* Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

 

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2019, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2019 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well. Barron's Fund Family Rankings are awarded annually.

 

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

 

+

Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The ICE BofA Merrill Lynch U.S. High Yield Constrained Index is a capitalization-weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.

Source: ICE Data Indices, LLC. 

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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